Why is Diligent Media falling/rising?

As of 08-Sep, Diligent Media Corporation Ltd's stock price is currently at 4.70, reflecting a slight increase of 0.01 or 0.21%. The stock has shown a positive trend recently, gaining 3.3% over the past week and outperforming its sector by 1.03%. However, despite this recent uptick, the stock has experienced a significant decline of 26.33% year-to-date and 19.24% over the past year. The company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, including stagnant operating profit and a substantial drop in PAT. These factors contribute to a perception of risk surrounding the stock, which may temper enthusiasm despite its recent gains.
In the broader market context, Diligent Media's short-term performance has outpaced the Sensex, which has only increased by 0.53% over the same week. However, the stock's long-term performance remains concerning, with a 6.75% decline over the past month and underperformance against the BSE500 in various timeframes. The falling investor participation, indicated by a 22.81% drop in delivery volume, suggests a lack of confidence among investors, which could hinder any sustained recovery in the stock price. Overall, while there are short-term gains, the underlying fundamentals and market sentiment present significant headwinds for Diligent Media.